S. 4097 Senate Education
State-Based Education Loan Awareness Act
STAGE 2 OF 8 — COMMITTEE CONSIDERATION
Currently in the Senate. Last action: committee on health, education, labor, and pensions. hearings held on Mar 19, 2026.
- Senate Introduced in Senate Mar 16, 2026
- Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Mar 16, 2026
- Senate Committee on Health, Education, Labor, and Pensions. Hearings held. Mar 19, 2026
Cosponsors
6
Subjects
Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesState and local government operationsStudent aid and college costs
Committees
- Health, Education, Labor, and Pensions Committee
- [Hearings By (full committee), Mar 19, 2026]
- [Referred To, Mar 16, 2026]
Summary
State-Based Education Loan Awareness ActThis bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement.A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender.The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.
[Summary as of: Introduced in Senate]
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